Michael Kors Holdings Ltd. sees no slowdown ahead.
Reporting an 82.1 percent increase in first-quarter profits, the accessories and fashion brand on Tuesday forecast a 15 to 20 percent comparable-store gain in the second quarter and a 20 percent increase for the full year. Kors predicted diluted earnings per share in the range of 62 to 64 cents in the second quarter, with total revenue estimated between $695 million and $705 million. For fiscal year 2014, the company guided diluted EPS in the range of $2.67 to $2.69, with total revenue between $2.8 billion and $2.9 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"